Sharechat Logo

Harmoney Corp Limited (NZX: HMY) ASX / NZX Press Release

Thursday 19th November 2020

Text too small?

Harmoney lists on ASX with a foreign exempt listing on NZX following its successful A$92.5 million IPO, with a market capitalisation of A$353 million.


- Leading Australian and New Zealand online direct personal lender, Harmoney, completes its successful IPO with strong support across institutional and retail investors

- The IPO proceeds will be used predominantly to fund growth in Harmoney’s loan originations in Australia and New Zealand

- Harmoney exceeded its origination, revenue and Cash NPAT Prospectus forecasts for the four months to October 2020

Trading in the shares in Australasia’s largest online direct personal lender, Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company), will commence on a normal settlement basis on ASX at 11.00am (AEST) today following the successful completion of its A$92.5 million Initial Public Offering (IPO) at A$3.50 per share.

The IPO was well supported by a range of institutional and retail investors across Australia and New Zealand. Applications exceeded the IPO offer size of A$92.5 million, of which approximately A$70.0 million (before costs) will be used to fund Harmoney’s growth as it accelerates originations in Australia and New Zealand and the funding of loans by bank-funded warehouse facilities. Voluntary escrow arrangements are in place for all significant existing shareholders, including Founder, Neil Roberts and CEO, David Stevens, with 72.3% of the total shares on issue to be subject to voluntary escrow arrangements.

Statutory Reporting

Harmoney’s first statutory reporting as an ASX listed company will comprise its interim results for the half year period to 31 December 2020, which is scheduled for release in February 2021.

See the link below for more details:

ASX / NZX Press Release

Source: Harmoney Corp Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Westpac Banking Corporation (NZX: WBC) Sells General Insurance Business to Allianz and Enters 20 Year Distribution Agreement
NZX Limited (NZX: NZX) Investor Day and Earnings Guidance Update
Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Allied Farmers Limited (NZX: ALF) Launch of Renounceable Rights Issue
NZ Windfarms Limited (NZX: NWF) VVFPA Document Completion and FY2021 EBITDAF Guidance Range
Property for Industry Limited (NZX: PFI) Signals Positive Valuation Outcome
SkyCity Entertainment Group Limited (NZX: SKC) Update on SkyCity Adelaide, Including Opening of Expansion
Sky Network Television Limited (NZX: SKT) Announces Chief Executive Change

IRG See IRG research reports